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Michael Burry : The Toxic Twins Of Fiat Currency And An Activist Fed Set The Route To Long-Term Ruin

Michael Burry’s ironic plight against pervasive lemming groupthink (such as the one gripping the nation currently) has been well documented in Michael Lewis’ “The Big Short.” It is thus not surprising that the topic of his speech to the Vanderbilt University (of which he is an alum) Chancellor’s Lecture series is the current flawed conventional thought paradigm: that of central planning, of quantitative easing and of dollar debasement by the Fed, which are far more dangerous than anything experienced during the credit bubble as when the current regime finally fails, and it will fail, there will be nobody to bail out the US.